OFF market, freehold, vacant, 5 unit block and shop for sale

Details

Freehold

NO OF UNITS – 6

TENANCY STATUS – Vacant

FURNISHED – No

TOTAL SQ FT – 2,346

PRICE SQ FT – £85

Block information

• The block is made up of 6 units comprising:
  • 4 x self-contained 1-bed apartments
  • 1 x self-contained studio apartment
  • 1 x commercial unit
• EPC ratings D & E

Rental information

Once fully tenanted the following rents are expected to be achieved:

• Flat 1 – £250 pcm
• Flat 2 – £250 pcm
• Flat 3 – £295 pcm
• Flat 4 – £250 pcm
• Flat 5 – £250 pcm
• Commercial unit – £433.33 pcm
  
• Total monthly rental income: £1,728.33
• Total annual rental income: £20,740
• Total gross yield: 10.4%

Location information

• The property is located in the Loftus are of Saltburn-by-the-Sea
• Saltburn city centre is 5 miles from the property
• Local amenities can be easily reached on foot

Asking price: £200kBuyers fees apply